Peter Schiff and Jonathan Hoening On FOX News 5/1/2008 (Video 4.04)

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FYI - Jonathan Hoenig, has been called upon to argue with Peter Schiff in this interview. I think they are both aligned in thinking, but are forced to argue on for the TV audience. Schiff is on TV several times a week now. They used to make fun of Schiff for his bearish calls. Now he looks like a genius and the others look like Cheerleading idiots.

I emailed Hoenig six months ago after he lit and started smoking a cigarette while being interviewed on live TV. He did it to mock the government’s rules against smoking and over stretching into people's lives. He got in a lot of trouble and received hate mail etc….I told him I thought it was hysterical and a great way to get kicked off Fox News. Hoenig wrote me back and said you have to support peoples' right to choose - even smokers.

Jonathan Hoenig runs a hedge fund, I am not sure the amount of money he manages or how successful he is. His picks are tracked in CAPS. I like some of his ideas. He is bearish on the economy and the dollar in general.